CUSHING ASSET MANAGEMENT, LP dba NXG INVESTMENT MANAGEMENT
Annual return '25
+18.6%
SPY '25
+17.7%
Alpha
+0.9ptsvs SPY
Invested
$2B
Holdings
66
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 92%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$TRGP
TARGA RES CORP
Q3 2025: Increased +2.4% (666.3k → 682.3k shares)
8.1%
02
$ET
ENERGY TRANSFER L P
Q4 2025: Sold 2.7% (8.21M → 7.99M shares)
7.6%
03
$WMB
WILLIAMS COS INC
Q4 2025: Increased +32.9% (1.20M → 1.60M shares)
6.1%
04
$MPLX
MPLX LP
Q4 2025: Increased +8.7% (1.73M → 1.88M shares)
5.3%
05
$DTM
DT MIDSTREAM INC
Q4 2025: Increased +10.3% (679.3k → 749.3k shares)
4.8%
06
$OKE
ONEOK INC NEW
Q4 2025: Increased +16.2% (1.12M → 1.30M shares)
4.8%
07
$KMI
KINDER MORGAN INC DEL
Q4 2025: Increased +8.9% (2.63M → 2.87M shares)
4.5%
08
$KNTK
KINETIK HOLDINGS INC
Q4 2025: Increased +86.5% (988.4k → 1.84M shares)
4.5%
09
$PAGP
PLAINS GP HLDGS L P
Q4 2025: Increased +3.9% (3.59M → 3.73M shares)
4.2%
10
$TRP
TC ENERGY CORP
Q4 2025: Sold 5.1% (1.37M → 1.30M shares)
4.0%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 09:47 UTC.